Investors acquire LiveU | Media Investment | Business
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Global technology-focused private equity firm Francisco Partners has teamed with co-investor IGP Capital to buy IP-based video contribution provider LiveU from its existing shareholders.
liveU 2August2018
With over 3,000 customers in more than 130 countries, LiveU’s technology sees use by leading broadcasters, sport organisations, news agencies, online and social media. The move is seen by the investors as key to accelerating further the company’s global expansion.

“We have made tremendous progress in delivering on our promise to establish LiveU as the clear market leader in providing live video streaming solutions for TV, digital and social media,’ commented LiveU CEO and co-founder Samuel Wasserman.

“We are delighted to have Francisco Partners, a firm with an established track record, as our new majority owner. This will allow us to focus on our long-term strategy and growth objectives, benefiting our customers, partners and employees. I would like to take this opportunity to thank our previous shareholders Canaan Partners, Viola Ventures, Pitango Venture Capital, and Lightspeed Venture Partners for their valued support along the way, and contribution to our success.”

“We are extremely excited to be partnering with LiveU as the company enters the next chapter of its growth story," said Eran Gorev, senior operating partner at Francisco Partners. "LiveU is already recognised as the industry leader, and we look forward to partnering with IGP Capital and LiveU’s management team to further enhance the company’s solutions, grow the customer base and advance its strategic goals.”

IGP Capital general partner Assaf Harel, added” “We are thrilled to join Francisco Partners in backing the company and its talented team of professionals. LiveU is uniquely positioned in the global broadcast and media markets and we’re excited to support the company with new investment initiatives and future growth prospects.”